Problem 5: P13-41A Assignment: 1) Using the General Journal tab, click Add Transaction to journalize Background: D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to each transaction. Click Post Transaction once you complete the entry, issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. D-Mobile entered into the then repeat these steps for each transaction transactions listed in the Transactions section below during October 2018. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. Transactions: 10/02/2018 Issued 19,000 shares of common stock for a building with a market value of $240,000 10/06/2018 Issued 600 shares of preferred stock for $140 per share 10/09/2018 Issued 11,000 shares of common stock for cash of $55,000. 10/10/2018 Declared a $19,000 cash dividend for stockholders of record on October 20. Use a separate dividends payable account for preferred and common stock. Transactions IU/ub/ 2UIS ISSsuea buu snares or preTerred stocK Tor 14u per snare 10/10/2018 Declared a $19,000 cash dividend for stockholders of record on October 20. Use a separate dividends payable account for preferred 10/25/2018 Paid the cash dividend and common stock. D-Mobile Wireless Ownership Type: Corporation Company Type: Merchandising, Perpetual Inventory System